Let’s look at details of the ‘CARES Act’

Let’s look at details of the ‘CARES Act’

From our friend Tim Sundstrom, CPA —  The Coronavirus, Aid, Relief and Economic Security Act (CARES) “economic impact payment” is now law and we have real facts on how the program will be administered. The law provides for a 2020 income tax credit of up to $1,200 for...
Coronavirus Assistance Checklist

Coronavirus Assistance Checklist

Special Notice to Clients —  CORONA VIRUS ASSISTANCE CHECKLIST By Dave Krebs, CPA (April 1, 2020) This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not...
Business and Individual Tax Update

Business and Individual Tax Update

Special Notice to Clients —  Hello All, We wanted to update you some important financial considerations in light of the Coronavirus. INDIVIDUALS: The due date for filing and paying taxes for 2019 has been extended from April 15 to July 15. No extension form need be...
UPDATED CORONAVIRUS POLICIES MARCH 23, 2020

UPDATED CORONAVIRUS POLICIES MARCH 23, 2020

Special Notice to Clients —  Based on the Stay-at-home order of Ohio Governor DeWine on Sunday, March 22, we will undergo some changes. Accounting services are considered an essential service under the proclamation. We agree. We know many of you will need refunds and...
New Tax Deadline

New Tax Deadline

Special Notice to Clients —  Taxpayers can delay paying 2019 income taxes for up to 90 days to July 15, 2020 (up to $1 million on individuals and most pass-through entities and $10 million on corporate filers). There will be no interest or penalties. The IRS will try...
Special Notice to Our Clients: Tax Season and Coronavirus

Special Notice to Our Clients: Tax Season and Coronavirus

Special Notice to Clients —  Dear Clients, First and foremost, we pray that you and your family are safe as the US hunkers down to ride out the pandemic sweeping the country. At this point, tax season has not been cancelled or delayed. We will let you know if the...